Campagnolo sells minority stake to investment group with links to Pinarello
Family-owned Italian company has lost ground to its competitors in recent years, but may be about to turn a corner
Campagnolo, the Italian cycling equipment manufacturer founded by Tullio Campagnolo in 1933, has announced that Swiss holding company SPAC SA has acquired a minority stake in the company. The investment represents an important step in Campagnolo's evolution, bringing additional resources and strategic expertise to strengthen its position in the future.
SPAC SA, which also has investments in the cycling industry, including Pinarello, is linked to billionaire Ivan Glasenberg, who owns the Pinarello Q36.5 team and the companies that sponsor it.
Campagnolo, which has been family-owned for over 80 years, has struggled to maintain its market share against competitors like Shimano and SRAM. The company only released its first wireless groupset in 2023, followed by a complete overhaul of its groupset architecture in 2025 and 2026. These recent developments have helped Campagnolo regain its competitive edge.
The new partnership with SPAC SA will enable Campagnolo to accelerate its journey in strengthening its technological and product capabilities. The brand emphasizes that it will continue to operate independently of SPAC's other investments. This acquisition also strengthens Campagnolo's connection with professional racing, as it aims to increase its presence in the WorldTour, where it currently has no teams.
The investment from SPAC SA, with links to Glasenberg and Pinarello, may lead Campagnolo to return to the WorldTour in the upcoming season with the Pinarello Q36.5.
Written by urgent.news from Cycling Weekly's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
